The Grand Rapids, Mich.-based company is in the flat rolled steel service business. It plans to invest $16.1 million to purchase an existing 105,000 square-foot facility in the Port of Indiana-Jeffersonville, according to a news release from One Southern Indiana. the area’s economic development agency.

Mill Steel Co. officials were set to appear before the Jeffersonville Redevelopment Commission today to discuss eligibility for local tax incentives. The Jeffersonville City Council would have to approve those incentives at a meeting on May 5, according to the release.

If plans move forward, Mill Steel will have a 225,000 square-foot facility, adding to the company’s service capabilities. The facility is expected to be operational beginning in June 2014 and is projected to add an estimated 43 new full-time positions to the region.

“Mill Steel and other companies gain an advantage by locating at one of Indiana’s three ports,” Victor Smith, Indiana Secretary of Commerce, said in the release.

“The Ports of Indiana help businesses boost their logistics skills through direct rail-to-barge capabilities, strategically located at the crossroads of America.”

In the release, Mill Steel CEO David Samrick said Indiana’s central location complements the locations of its other service centers.

“Indiana’s right to work law, simplified regulatory environment and low tax rates also make it very attractive for the continued growth of our business” he said. “We felt it was absolutely critical to position ourselves at a location that will enable us to continue our delivery of outstanding just-in-time services to our growing automotive, construction, appliance and general manufacturing customer base.”

The Indiana Economic Development Corp. is offering the company up to $300,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job-creation plans, the release said.

Mill Steel currently employs about 200 associates, the release said. The company plans to begin hiring for positions this month. Interested applicants may apply through the company’s website.